31379 Chardonnay PointWaukeeIA50263
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 3.47% gross rental yield, 31379 Chardonnay Point, Waukee, IA, 50263 in Waukee is priced for capital growth, not immediate cash flow. The $1,555,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $429,618 by year five, with $14,322/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.64) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $209,229.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.5% | 2.8% |
| Monthly Cash Flow | $(5,968) | $1,850 |
City averages based on Waukee market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $4,496 |
| Total Monthly Debt Service | $9,845 |
| DSCR Ratio | 0.46x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 2014
1.56 Acres lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50263, Waukee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,203 (100%) |
| Owner Occupied HU | 8,835 (62.2%) |
| Renter Occupied HU | 3,821 (26.9%) |
| Vacant Housing Units | 1,547 (10.9%) |
| Median Home Value | $376,616 |
| Average Home Value | $419,225 |
Housing Distribution
Address Breakdown
Residential
13,089
Single Family
11,519
Multi-Family
1,570
Businesses
611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Single Family
Built in 2014
1.56 Acres lot
$N/A/sqft
$365 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 50263, Waukee, IA area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 14,203 (100%) |
| Owner Occupied HU | 8,835 (62.2%) |
| Renter Occupied HU | 3,821 (26.9%) |
| Vacant Housing Units | 1,547 (10.9%) |
| Median Home Value | $376,616 |
| Average Home Value | $419,225 |
Housing Distribution
Address Breakdown
Residential
13,089
Single Family
11,519
Multi-Family
1,570
Businesses
611
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Andrew DePhillips • RE/MAX Concepts
Mls Name: DMMLS
Mls Provider:
Mls ID: #719335
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.